NACCO Industries Reports Material Definitive Agreement

TL;DR

NACCO just signed a big deal, filing shows. Details to come.

AI Summary

NACCO INDUSTRIES, INC. filed an 8-K on December 23, 2024, reporting an entry into a material definitive agreement as of December 19, 2024. The filing also includes financial statements and exhibits. The company is incorporated in Delaware and headquartered in Cleveland, Ohio.

Why It Matters

This filing indicates NACCO Industries has entered into a significant new agreement, which could impact its future operations and financial performance.

Risk Assessment

Risk Level: medium — Entering into material definitive agreements can introduce new risks and opportunities that may affect the company's financial health and stock performance.

Key Players & Entities

• NACCO INDUSTRIES, INC. (company) — Registrant
• December 19, 2024 (date) — Date of earliest event reported
• December 23, 2024 (date) — Date of report
• Delaware (jurisdiction) — State of incorporation
• Cleveland, Ohio (location) — Principal executive offices

FAQ

Key Financial Figures

• $1 — which registered Class A Common Stock, $1 par value per share NC New York Stock E
• $200,000 — consulting fees paid to Mr. Rankin from $200,000 per year to $100,000 per year. Mr. Rank
• $100,000 — to Mr. Rankin from $200,000 per year to $100,000 per year. Mr. Rankin will continue to s

Filing Documents

• nacco-20241219.htm (8-K) — 31KB
• amendmenttorankinconsultin.htm (EX-10.1) — 11KB
• 0000789933-24-000062.txt ( ) — 169KB
• nacco-20241219.xsd (EX-101.SCH) — 2KB
• nacco-20241219_lab.xml (EX-101.LAB) — 22KB
• nacco-20241219_pre.xml (EX-101.PRE) — 13KB
• nacco-20241219_htm.xml (XML) — 3KB

01. Entry Into a Material Definitive Agreement

Item 1.01. Entry Into a Material Definitive Agreement. On December 19, 2024, NACCO Industries, Inc. ("NACCO") approved the terms of the Amendment to the Consulting Agreement between NACCO and Alfred M. Rankin, Jr. The Amendment revises the consulting fees paid to Mr. Rankin from $200,000 per year to $100,000 per year. Mr. Rankin will continue to serve as the Chairman of the Board of Directors of NACCO and will continue to support the President and Chief Executive Officer and senior leadership team of NACCO and NACCO Natural Resources under the terms of the agreement. The Amendment to the Consulting Agreement is listed as Exhibit 10.1 to this Current Report on Form 8-K and is hereby incorporated into this Item 1.01 by reference. The foregoing summary of this agreement is qualified in its entirety by reference to the full text of such exhibit.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits 10.1 Amendment to Consulting Agreement 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: December 23, 2024 NACCO INDUSTRIES, INC. By: /s/ Sarah E. Fry Sarah E. Fry Vice President, Associate General Counsel & Assistant Secretary

View Full Filing

View this 8-K filing on SEC EDGAR